The seminar “The Colour of Money and the Environment: Why Green Finance Matters” was successfully organized on 17 November 2020 (Tuesday) by the Hong Kong General Chamber of Commerce, Environment & Sustainability Committee and Financial & Treasury Services Committee. Our Vice President, Mr. Jonathan Drew, gave an overview of Hong Kong’s green finance ecosystem and its development compared to the Mainland.
The COVID-19 pandemic has highlighted the urgency and importance of building resilient supply chains, as well as dynamic economic and financial systems to withstand future shocks. These include climate-related risks, which are perhaps the most pressing challenge to the stability of global markets and welfare of humanity.
Previously regarded as an oxymoron, green finance is increasingly gaining traction among businesses and investors, who see climate change as an opportunity to tap into new sources of capital and invest in green or sustainable assets that contribute to improving resource efficiency, lowering emissions, and developing sustainable products and services. According to estimates by the Organisation for Economic Co-operation and Development (OECD), an average of US$ 6.9 trillion a year will be required for green infrastructure investments from 2016 to 2030.
- Jonathan Drew, Vice President, Hong Kong Green Finance Association
- Robert Barker, Chief Sustainable Business Officer, BNP Paribas
- Calvin Kwan, Head of Sustainability, Link Asset Management Ltd